| 1 |
Not worth method is equal to. |
- A. Liabilities - assets
- B. Assets- liabilities
- C. Capital + assets
- D. None of these
|
| 2 |
Acceptance received durinthe period must be debited to bills receivable account and credited to. |
- A. Total bills receivable account
- B. Total debtors account
- C. total cash account
- D. Total bills receivabel account
|
| 3 |
Under single entery system informatoin relating to expenses must be ascertained from the analysis of. |
- A. Debtors account
- B. Creditors account
- C. Sales book
- D. Cash book
|
| 4 |
In single entry system nominal accounts and some assets accounts balances are not available so it is not possible to prepare, |
- A. Debtors account
- B. Creditors account
- C. Trial balance
- D. Statement of affairs
|
| 5 |
In single entrey system statements of assets and liabilities is called. |
- A. Balance sheet
- B. Statement of Affair
- C. Trial balance
- D. Income statement
|
| 6 |
Cash paid to creditors can be woked out from. |
- A. Debtora account
- B. Creditors account
- C. Balance sheet
- D. None of theses
|
| 7 |
If the cash sales are missing they are to be ascertained by the construction of. |
- A. Debtors account
- B. Creditors account
- C. Cash account
- D. None of these
|
| 8 |
Both aspects of a transaction must be recorded in, |
- A. Single entry system
- B. Barter system
- C. Double entry system
- D. Islamic system
|
| 9 |
North worth of an organizaton means the excess of its total assets over total. |
- A. Liabilities
- B. Income
- C. Expenses
- D. None of the above
|
| 10 |
The figure of the bills receivable can be worked out from. |
- A. Total debtors account
- B. Total creditors account
- C. Trail balance
- D. Balance sheet
|